SEPA Direct Debit
An EU initiative, SEPA (Single European Payments Area), harmonises direct debit payments across all relevant eurozone markets. This guarantees consumers the same level of security, convenience and ease when making payments across 36 countries. All SEPA Banks that offer Euro-denominated direct debits are covered, and because it is a regulated payment method, prices remain constant for merchants, no matter where they are located. Consumers make payments by completing a direct debit mandate provided by the merchant, including their BIC and IBAN ( the unique identifier for the consumer's bank, branch and account).
Why SEPA Direct Debit
By accepting SEPA direct debit, merchants can achieve high conversion rates, control cash flow by collecting payments when they want, ensure consumers pay on time, and reduce admin complexity with PPRO’s fully managed service.
More than 529 million citizens live in SEPA markets and make 20 billion direct debit bank transfer payments a year.
Merchants are able to boost subscription revenue using one of the most recognized payment methods in the eurozone, and consumers don’t have to worry about missing a payment deadline and incurring charges or not receiving goods/services.
Specifications
Coverage
Currencies
Features
How it works
Merchant
At online checkout, the consumer chooses SEPA as the preferred payment method
Payment method
The consumer enters an IBAN/BIC and authorises a direct debit mandate
Payment method
The consumer receives a noti cation of funds withdrawal
Merchant
Payment is con firmed
SEPA Pro
PPRO built-in capabilitySEPA Pro is PPRO's enhancement to SEPA Direct Debit, Europe's most established bank transfer method. SEPA Pro uses Open Banking to check a shopper's account before merchants collect payment, so fewer transactions fail and fewer chargebacks happen. It's SEPA, made smarter, with strong authentication built right in.
Why SEPA Pro
By adding account verification to SEPA Direct Debit, merchants can reduce chargebacks caused by insufficient funds, closed accounts and mismatched IBANs, while keeping the cash flow and administrative benefits of PPRO’s fully managed SEPA Direct Debit service.
Merchants running recurring and subscription billing can confirm an account is active and funded before collecting payment, so fewer charges fail and consumers are not left short of goods or services they’ve already paid for.
SEPA Pro is available today in Belgium, Estonia, France, Germany, the Netherlands and Portugal, with coverage expanding as Open Banking infrastructure becomes available in more SEPA markets.
Specifications
Coverage
Currencies
Features
How it works
Merchant
The merchant triggers the payment; PPRO returns a hosted authentication page.
Payment method
The consumer is redirected there and selects their bank.
Payment method
The consumer authenticates directly with their bank and grants time-limited access to their account details.
PPRO
PPRO checks the IBAN, account status and available balance.
Merchant
Once verified, the payment is submitted to SEPA Direct Debit for processing as usual.
SEPA Direct Debit Managed Mandate
An EU initiative, SEPA (Single European Payments Area), harmonises direct debit payments across all relevant eurozone markets. This guarantees consumers the same level of security, convenience and ease when making payments across 36 countries. All SEPA Banks that offer Euro-denominated direct debits are covered, and because it is a regulated payment method, prices remain constant for merchants, no matter where they are located. Consumers make payments by completing a direct debit mandate provided by the merchant, including their BIC and IBAN ( the unique identifier for the consumer's bank, branch and account).
Why SEPA Direct Debit Managed Mandate
By accepting SEPA direct debit, merchants can achieve high conversion rates, control cash flow by collecting payments when they want, ensure consumers pay on time, and reduce admin complexity with PPRO’s fully managed service.
More than 529 million citizens live in SEPA markets and make 20 billion direct debit bank transfer payments a year.
Merchants are able to boost subscription revenue using one of the most recognized payment methods in the eurozone, and consumers don’t have to worry about missing a payment deadline and incurring charges or not receiving goods/services
Specifications
Coverage
Currencies
Features
How it works
Merchant
At online checkout, the consumer chooses SEPA as the preferred payment method
Payment method
The consumer enters an IBAN/BIC and authorises a direct debit mandate
Payment method
The consumer receives a noti cation of funds withdrawal
Merchant
Payment is con firmed